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. budget talks.theobamaadministrationandopposition republicans remain at odds over how to avert the falling off the fiscal cliff. let's take a look at currency markets. the dollar is also little change against the yen as u.s. budget talks continue. dollar/yen is in the upper 81 levels, 81.88 to 90. the euro, that is higher against the yen, 107.27 to 30 at the moment. worries are reseeding over eurozone debts. let's take a look at other markets in the apple open. kospi is trading flat on the day, 1,934. looking at australia, the benchmark index is trading higher by 1/10 of a percent, 4,508. modest moves so far this morning in the asia pacific. >>> japan and india launched a new framework to provide bilateral credit in u.s. dollars. the aim is to ease the impact of possible turmoil in the global financial markets on asia. the two countries worked out the details on tuesday. japan's prime minister and his indian counterpart had signed the currency agreement a year ago. under the framework both countries will be able to exchange up to $15 billion over the next three years. the two c

. budget talks. the obama administration and opposition republicans remain at odds over how to avert the falling off the fiscal cliff. let's take a look at currency markets. the dollar is also little change against the yen as u.s. budget talks continue. dollar/yen is in the upper 81 levels, 81.88 to 90. the euro, that is higher against the yen, 107.27 to 30 at the moment. worries are reseeding over eurozone debts. let's take a look at other markets in the apple open. kospi is trading flat on...

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ambassadors,theobamaadministrationhasoffered a tepid response, calling it counterproductive. >> i want to remind you, on building settlements in jerusalem are in accordance with israeli law. if anyone wants to investigate further, they can go to the bush letter and see on the changes in the territory which the u.s. president spoke of. >> the white house is denying iran's claim of having captured a u.s. drone in iranian airspace. iran says that they captured a scaneagle aircraft conducting surveillance. speaking at the white house, press secretary jay carney rejected those claims. >> we have no evidence that the iranian claims you cite are true. i would refer you to the pentagon's comments this morning on the details of this particular type of uav, but again, we have no evidence that those claims are true. >> protests are continuing in mexico in the aftermath of clashes between police and citizens after it the inauguration of president and ricky pena nieto. activists have accused mexican police of using infiltrators to carry out vandalism and other acts of sabotage. in mexico city, hund

ambassadors, the obama administration has offered a tepid response, calling it counterproductive. >> i want to remind you, on building settlements in jerusalem are in accordance with israeli law. if anyone wants to investigate further, they can go to the bush letter and see on the changes in the territory which the u.s. president spoke of. >> the white house is denying iran's claim of having captured a u.s. drone in iranian airspace. iran says that they captured a scaneagle...

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nigeria, from the very beginning this sort of extraexpectation.obamaitis an american. he is from a country called america. for americans. anything which we get from that administration is a bonus. it is time the african nation stop relying on changes in administration elsewhere. as part of the movement away from the original. and so we should not expect any special treatment from the u.s. administration. on the contrary, a sense of belonging should encourage the leaders to try to make things easier. there are enough problems in the world. it is a young continent, if you like, in terms of what is happening elsewhere. they should be able to organize internally. the european union, the former soviet enclave. not reaching for handouts, not expecting special things. let's meet as equals. and collaborate. tavis: it is impossible to do justice to a conversation about africa in 30 minutes. you were able to do it in the pages of your text. it is called "of africa," written by the nobel laureate from nigeria, wole soyinka, and that is our show for tonight. things are watching, and as always,

nigeria, from the very beginning this sort of extra expectation. obama it is an american. he is from a country called america. for americans. anything which we get from that administration is a bonus. it is time the african nation stop relying on changes in administration elsewhere. as part of the movement away from the original. and so we should not expect any special treatment from the u.s. administration. on the contrary, a sense of belonging should encourage the leaders to try to make...

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he's not seeking a job intheobamaadministration. finkhas been rumored as a potential candidate to replace timothy geithner. he says he wishes the media would believe he doesn't want the job and plans to stay at blackwell as long as the board wants him. >>> negotiations have reached a deal to end the eight-day strike of the ports of los angeles and long beach. striking clerical workers and longshoremen who refuse to cross picket lines will be back on the job later. shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is

he's not seeking a job in the obama administration. fink has been rumored as a potential candidate to replace timothy geithner. he says he wishes the media would believe he doesn't want the job and plans to stay at blackwell as long as the board wants him. >>> negotiations have reached a deal to end the eight-day strike of the ports of los angeles and long beach. striking clerical workers and longshoremen who refuse to cross picket lines will be back on the job later. shippers and the...

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obamaadministrationandwill ensure the service has what it needs to successful conduct its missions. the legislation includes critical provisions that will have the coast guard and its service members greater parity with the counterparts in the department of defense, something we've worked very hard to achieve. h.r. 2838 has reforms and improvements to the coast guard's acquisition programs and activities. the bill encourages job growth in the maritime sector by cutting e.p.a., t.s.a. and coast guard regulatory burdens on small businesses. finally, the bill enhances the security of u.s. vessels and cruise transiting high-risk waters, re-authorizes the national security aspects of the maritime administration for fiscal year 2013, and makes several important improvements to noaa's marine debris program, as noted by mr. larsen. h.r. 2838 was put together in cooperation with the minority and with our counterparts in the senate. i'd like to thank mr. mica, chairman of the full committee, i'd like to thank mr. rahall, the ranking member of the full committee, but i especially wan

obama administration and will ensure the service has what it needs to successful conduct its missions. the legislation includes critical provisions that will have the coast guard and its service members greater parity with the counterparts in the department of defense, something we've worked very hard to achieve. h.r. 2838 has reforms and improvements to the coast guard's acquisition programs and activities. the bill encourages job growth in the maritime sector by cutting e.p.a., t.s.a. and...

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obamaaskedhim to stay at the pentagon making him the first defense secretary to serve in both a republican and the democratic administration, he left his post in june, 2011. at his farewell ceremony president obama awarded him the presidential award of freedom. >> the highest honor. >> this is a man i have come to know and respect. a humble american patriot. a man of common sense and decency. quite simply one of our nation's finest public servants. >> rose: today the united states face as wave of foreign policy challenges, including the pressing question of how to respond to the potential use of chemical weapons by the assad government in syria, the government warned him of the consequence conditions consequences he could expect. >> i want to make it clear to assad and those under his command the world is watching, the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons there will be consequences and you will be held accountable. >> rose: i am pleased to have bob gates back at this table. welcome. >> thank you,

obama asked him to stay at the pentagon making him the first defense secretary to serve in both a republican and the democratic administration, he left his post in june, 2011. at his farewell ceremony president obama awarded him the presidential award of freedom. >> the highest honor. >> this is a man i have come to know and respect. a humble american patriot. a man of common sense and decency. quite simply one of our nation's finest public servants. >> rose: today the united...

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thatpresidentobamahadmade earlier so i'm not sure how much a change in position this is as it is just explicitly stating the position of the administration. he also said that going over the -- a deal would not get done without a deal on the debt ceiling as well. finally the treasury secretary said the proposal from speaker boehner did represent some progress. >> i think we're making a little bit of progress. i mean, we're still some distance apart. they're clearly moving. they're trying to figure out how to move further. you've seen them acknowledge they're prepared to do $800 billion in higher taxes on part of the american economy. that's part of a balanced framework. that's definitely some progress. what we need to have them acknowledge is that the rates go up and if they're willing to accept that and commit to that as an agreement, then we think we can do something really good for the economy. >> what you have here is really the administration laying out the parameters of getting a deal done. it's going to be tax hikes on the wealthiest 2% going back to the bush tax cuts, a

that president obama had made earlier so i'm not sure how much a change in position this is as it is just explicitly stating the position of the administration. he also said that going over the -- a deal would not get done without a deal on the debt ceiling as well. finally the treasury secretary said the proposal from speaker boehner did represent some progress. >> i think we're making a little bit of progress. i mean, we're still some distance apart. they're clearly moving. they're...

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? and i wishtheobamaadministrationwould-- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >> it sharply outpaces inflation. >> not in the last two years. >> it's come down. >> not if you are somebody who is at a small company who is -- >> business is -- the most important there is the growth in the cost of health care. if this is helping to bend the cost curve -- >> if you talk to small businesses, they are looking at double digit increases. the tale of two worlds here. >> people that are 45 -- >> talk to any business person, they're adjusting and the health care industry's adjusting. >> we've got to go. >> we should have a longer conversation on this. >> yes, absolutely. >>> coming up, more data still ahead. we'll get third quarter productivity. and wow, it's incredible. are you going to be back for that? liesman will

? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >> it sharply outpaces inflation. >> not in the last two years. >> it's come down....

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administrationunderpresidentobamawehave seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small businesses as negotiations or lack thereof over the fiscal cliff continue. >> did you see that the nbc white house team is reporting the belief that perhaps the republicans don't have the fight in them anymore to really dig in now on the concessions on the way which is good news if you don't want to go over the fiscal cliff but they are dispelling the real argument for later on. >> fuel line inspections being ordered for boeing 787 dreamliner. phil lebeau has more on this story. >> a rough day yesterday if you are tracking what's happening with the dreamliner. one of two important stories that broke yesterday. the fir

administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small businesses...

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republican anddemocraticadministrations, presidentobamafinalizedthe terms of russia's ascension to the w.t.o. on november 10, 2011. russia was invited to join the organization on december 16, 2011, and officially joined in august of this year. mr. president, i ask unanimous consent that the remarks on pntr be placed within whatever the time agreement ultimately is. the presiding officer: without objection. mr. hatch: and i'd like my remarks not to be interrupted. the presiding officer: without objection. mr. hatch: now that russia is a member of the w.t.o., for our workers to benefit, congress really has no choice but to extend permanent normal relations to russia through appeal of the -- repeal of the application of the jackson-vanik amendment. russia is now a member of the w.t.o., but they are under no obligation to extend the economic benefits of their membership to the united states unless we have normal trade relations. simply put, if congress does not act, our workers and exporters will be at a serious disadvantage in trying to export their goods and services to the russian m

republican and democratic administrations, president obama finalized the terms of russia's ascension to the w.t.o. on november 10, 2011. russia was invited to join the organization on december 16, 2011, and officially joined in august of this year. mr. president, i ask unanimous consent that the remarks on pntr be placed within whatever the time agreement ultimately is. the presiding officer: without objection. mr. hatch: and i'd like my remarks not to be interrupted. the presiding officer:...